To provide small and medium-sized businesses in Nigeria with accessible healthcare solutions, Stanbic IBTC Bank, a division of Stanbic IBTC Holdings, has teamed up with Tillit MSME Microservices.
The collaboration was designed to address the difficulties SMEs encounter in providing high-quality healthcare services and keeping qualified personnel, according to a bank statement.
As per the lender’s statement, this collaboration enables small and medium-sized enterprises in the healthcare industry to obtain customized financial products from Stanbic IBTC Bank.
“These include short-term loans of up to N10m; overdraft facilities of up to N2bn; and term loans of up to N5bn with repayment periods spanning from 12 to 60 months,” it stated.
Speaking on the partnership, the Head of Commercial Banking at Stanbic IBTC Bank, Babatunde Akindele, said, “We recognise the pivotal role healthcare SMEs play in our economy, and Stanbic IBTC Bank is dedicated to facilitating their growth journey. Our customised financial solutions and extensive partner network will empower these businesses to thrive.”
Meanwhile, Managing Director of Tillit MSME Microservices, Yomi Sule, expressed excitement about the firm’s partnership with Stanbic IBTC Bank.
He declared that the collaboration was a game-changer for healthcare SMEs in Nigeria, as it would provide access to customised financial products, seamless application processes, and prompt disbursement.
“Stanbic IBTC Bank is the ideal financial partner, as it offers suitable financing and an ecosystem of partners that provide valuable business support services to healthcare SMEs, ensuring their holistic growth,” he asserted.
This partnership announcement comes on the heels of Stanbic IBTC Bank’s inaugural Healthcare Breakfast Session, an event that recorded attendance from top leaders and innovators within the healthcare sector.
In order to talk about partnerships, innovations, and strategies to improve the healthcare industry, thought leaders in the field convened.
